Search consolidating credit card debt martin and tichina dating

However, if you are building up a lot of personal debt, including credit card debt, then most likely you are either in a financial hardship, or mismanaging your finances.

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There is no one-size-fits-all approach to consolidating debt.

However, there are some very important steps to take to find the best debt consolidation tactic.

With so much debt and different types of debt, it can be very confusing to find a debt consolidation tactic that fits your financial situation.

Did you know that more than 50% of the US household have credit card debt?

While this tactic doesn’t really consolidate your debt, or bills, it is an effective way of paying off your debt in a fast and orderly manner.

Use either the avalanche method (pay off the highest interest rates first) or the snowball method (pay off the lowest balances first).With this method you can get out of debt quicker, protect and build your credit, and reduce your overall financial costs.Cash-Out Mortgage or Home Equity Loan (HEL): If you have extra equity in your home and you want to reduce your monthly payments, then you can consolidate your debt by taking a cash-out refinance, or a Home Equity Loan.In fact, if you have bad credit, then your debt consolidation options are very limited. Here are examples of four ways to consolidate your debt and how they mesh with different financial goals.Do-It-Yourself / Optimize Payments: If you have extra money coming in each month, good savings, and decent interest rates, then you can add extra money each month to your monthly payments.For example, instead of renting did you buy a home?

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